Regulatory Alerts2019-09-30 | 2019-20588Proposed Rescission of Policy Statements
The Federal Deposit Insurance Corporation proposes to rescind four outdated Statements of Policy regarding Glass-Steagall Act applicability, collateralized letters of credit, collateralized put obligations, and contracting with firms having unresolved audit issues. The agency initiated this comprehensive review to streamline issuances and ensure regulatory guidance remains timely and relevant. The FDIC is requesting public comments on the proposed rescissions by October 30, 2019.
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